New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

New York & Tri-State  + New Jersey  + Industrial  | 

Westbrook-Camber JV Scores Shallow Bay Industrial Near Port Newark 

Cushman & Wakefield arranged the sale of Port Newark Light Industrial Park, a five-building, 113,743-square-foot industrial portfolio at 119, 175 & 182 Hill St. and 43 Hickory St, in Orange, NJ.  

Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt, David Bernhaut and Ryan Larkin represented the seller, Sitex Group.  The property was acquired by a joint venture between affiliates of Westbrook Partners and Camber Real Estate Partners for an undisclosed sum. 

“Shallow bay, multi-tenanted infill product is limited in this region, with no notable construction in the pipeline,” said Gabriel.  “The buyer recognized the scarcity of inventory and the ability of the park to cater to a wide variety of occupiers.” 

Unit sizes at Port Newark Industrial Park range from 2,500 to 13,500 square feet.  Each unit features individual store fronts and dedicated loadings docks.  The portfolio is leased to 22 tenants. 

Connect

Inside The Story

Cushman & Wakefield's Gabriel

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
Chase-19-cube